conshmillo
11:53 am on September 28, 2010 599 days agoReply
gold and euro went crazy this morning. GDP report signs?
caruso2323
6:34 pm on September 28, 2010 599 days agoReply
@conshmillo
Don’t think GDP signs … Sounds like a reaction to deflation warned by the fed’s
chach17
12:09 am on September 29, 2010 599 days agoReply
The Tim Cook rumors were clearly a load of you know what. This is clearly evidence of manipulation by the big guys. Regardless of the validity of Tuesday’s selloff, I still think that Apple was overpriced and that it was just looking for a reason to tank. Despite what others may think, I think that this sort of manipulation keeps AAPL healthy – lately the stock has risen too much too fast and while the long’s love it, there is no way that anybody can make any money on this stock if it doesn’t give at least a nod towards the folks trying to short it. In my mind, these nasty and clearly false rumors do serve a good purpose in the end. They give AAPL a much needed break and they give it some room to breath as it moves further upwards. We all want to see AAPL move higher, but in the end I think we are all better off with this sort of manipulation than without it. I for one was happy to see a buy-in at the mid 280′s after selling some shares in the low 290′s.
carlmuck
12:31 pm on September 28, 2010 599 days agoReply
Its bizarre, then at 12:27 someone drops 1.1M shares on the market, apparently after the announcement that Tim Cook IS NOT leaving Apple. This is a truly weird day.
liuzinho
12:33 pm on September 28, 2010 599 days agoReply
WOW! What the hell! Crazy day. All those rumors are pure manipulation
JPWatkins
12:35 pm on September 28, 2010 599 days agoReply
What do quick drops like this usually indicate? It appears to be folks leaving the stock quickly, but of course other folks are buying in nearly as quickly too, otherwise they would be spikes up or continued up or down.
Whats the general common wisdom in tech analysis?
carlmuck
2:10 pm on September 28, 2010 599 days agoReply
@jpwatkins
The trade was running at about 100K shares per minute up to 12:27 where it spiked to 1.1M and the stock dropped from 287.88 to 282.27 (1.9%). This sort of trade (dumping a huge block all at once, apparently at market) doesn’t indicate a “rational investor” particularly at that time of day. Mornings and evenings and surrounding news events large volumes are expected. This one didn’t have any real purpose. You’ll note that whom ever it was took 282.27 for some of those shares, where if the order had been feed more slowly into the market he’d probably been able to keep the price over 286, and still get out. This has the hallmarks of some sort of panic or “message sending”.
JPWatkins
12:37 pm on September 28, 2010 599 days agoReply
Institutional buying/selling?
conshmillo
1:02 pm on September 28, 2010 599 days agoReply
@jpwatkins
If everything is overbought as it is now, over reactions are easier to generate. Looks like Cook’s rumor was good enough catalyst for crazy over reaction.
carlmuck
2:11 pm on September 28, 2010 599 days agoReply
@jpwatkins
Not sure most institutional sellers would dump a million shares at market, i’d hope they’re smarter than that…
sworoc
3:29 pm on September 28, 2010 599 days agoReply
Unless your goal is to sell at the top, and the best way to do that is make sure that there is a lot of fear in the air, causing the stock to drop right after you sell.
In which case, selling it all at once accomplishes your goal.
carlmuck
11:03 am on September 29, 2010 598 days agoReply
@sworoc
Well that would work fine for a small holder (upto a couple of thousand shares) but a million shares will certainly cause a significant drop in price, there’s not that many at, or near, market price orders available, so if you pulse enough shares to eat up all the bids, you’re going to fall through a lot of current bids (some long forgotten stops) and tank the stock. (which this did).
If you are interested in getting “best” price for your shares, feed in the orders, over several minutes (10 minutes at 100K shares would be about twice the underlying volume, but within the flow of trading, and not shock the price (as much)).
All this assumes that there’s not some reason for everyone to sell, in which case, getting your 1M shares out first does have an advantage.
conshmillo 11:53 am on September 28, 2010 599 days ago Reply
gold and euro went crazy this morning. GDP report signs?
caruso2323 6:34 pm on September 28, 2010 599 days ago Reply
@conshmillo
Don’t think GDP signs … Sounds like a reaction to deflation warned by the fed’s
chach17 12:09 am on September 29, 2010 599 days ago Reply
The Tim Cook rumors were clearly a load of you know what. This is clearly evidence of manipulation by the big guys. Regardless of the validity of Tuesday’s selloff, I still think that Apple was overpriced and that it was just looking for a reason to tank. Despite what others may think, I think that this sort of manipulation keeps AAPL healthy – lately the stock has risen too much too fast and while the long’s love it, there is no way that anybody can make any money on this stock if it doesn’t give at least a nod towards the folks trying to short it. In my mind, these nasty and clearly false rumors do serve a good purpose in the end. They give AAPL a much needed break and they give it some room to breath as it moves further upwards. We all want to see AAPL move higher, but in the end I think we are all better off with this sort of manipulation than without it. I for one was happy to see a buy-in at the mid 280′s after selling some shares in the low 290′s.
carlmuck 12:31 pm on September 28, 2010 599 days ago Reply
Its bizarre, then at 12:27 someone drops 1.1M shares on the market, apparently after the announcement that Tim Cook IS NOT leaving Apple. This is a truly weird day.
liuzinho 12:33 pm on September 28, 2010 599 days ago Reply
WOW! What the hell! Crazy day. All those rumors are pure manipulation
JPWatkins 12:35 pm on September 28, 2010 599 days ago Reply
What do quick drops like this usually indicate? It appears to be folks leaving the stock quickly, but of course other folks are buying in nearly as quickly too, otherwise they would be spikes up or continued up or down.
Whats the general common wisdom in tech analysis?
carlmuck 2:10 pm on September 28, 2010 599 days ago Reply
@jpwatkins
The trade was running at about 100K shares per minute up to 12:27 where it spiked to 1.1M and the stock dropped from 287.88 to 282.27 (1.9%). This sort of trade (dumping a huge block all at once, apparently at market) doesn’t indicate a “rational investor” particularly at that time of day. Mornings and evenings and surrounding news events large volumes are expected. This one didn’t have any real purpose. You’ll note that whom ever it was took 282.27 for some of those shares, where if the order had been feed more slowly into the market he’d probably been able to keep the price over 286, and still get out. This has the hallmarks of some sort of panic or “message sending”.
JPWatkins 12:37 pm on September 28, 2010 599 days ago Reply
Institutional buying/selling?
conshmillo 1:02 pm on September 28, 2010 599 days ago Reply
@jpwatkins
If everything is overbought as it is now, over reactions are easier to generate. Looks like Cook’s rumor was good enough catalyst for crazy over reaction.
carlmuck 2:11 pm on September 28, 2010 599 days ago Reply
@jpwatkins
Not sure most institutional sellers would dump a million shares at market, i’d hope they’re smarter than that…
sworoc 3:29 pm on September 28, 2010 599 days ago Reply
@carlmuck
Unless your goal is to sell at the top, and the best way to do that is make sure that there is a lot of fear in the air, causing the stock to drop right after you sell.
In which case, selling it all at once accomplishes your goal.
carlmuck 11:03 am on September 29, 2010 598 days ago Reply
@sworoc
Well that would work fine for a small holder (upto a couple of thousand shares) but a million shares will certainly cause a significant drop in price, there’s not that many at, or near, market price orders available, so if you pulse enough shares to eat up all the bids, you’re going to fall through a lot of current bids (some long forgotten stops) and tank the stock. (which this did).
If you are interested in getting “best” price for your shares, feed in the orders, over several minutes (10 minutes at 100K shares would be about twice the underlying volume, but within the flow of trading, and not shock the price (as much)).
All this assumes that there’s not some reason for everyone to sell, in which case, getting your 1M shares out first does have an advantage.